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Eric Larkin

eric@ericlarkin.com +1(321) 795-1854

$ 9,980,000

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Pending

212 CASEY KEY RD Nokomis, FL 34275

15,069 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Pending

Purchase Type For Sale

Square Footage 15,069 sqft

Price per Sqft $662

Subdivision Acreage & Unrec

MLS Listing ID A4614766

HOA Y/N No

Year Built 1965

Annual Tax Amount $58,398

Lot Size 1.110 Acres

Acres 1.11

Property Sub-Type Hotel/Motel

Source Stellar MLS

Property Description

Under contract-accepting backup offers. Escape Resort and Marina is a rare opportunity to purchase a profitable boutique resort that exudes a tropical sophistication that is rarely found. This tropical oasis is comprised of seven buildings with enormous suites that have very recently been thoughtfully reconstructed. This Casey Key resort is located on over one acre of lushly landscaped waterfront paradise that is only steps from the pristine sand and welcoming waves of the Gulf of Mexico and located near delicious waterfront restaurants and world class shopping. The lushly landscaped paver walkways lead to 14 expansive rooms each open onto the outdoor patios & balconies with many rooms having a waterfront view. All recently reconstructed rooms have been extensively renovated with features that include all new roofs, electrical and plumbing, HVAC and mechanical systems, new drywall with wall to ceiling finishes, new flooring throughout, new category 4 windows and doors and light fixtures. Each room offers new full-sized kitchens with high quality cabinetry, countertops and stainless-steel appliances, flat top stoves, microwaves, and dishwashers. Rooms range from 2 bedroom with den/3 baths to large one-bedroom suites. Onsite, guests enjoy a large pool and sundeck, hip, fun common areas including a beautiful waterfront clubhouse with full kitchen, a waterfront amphitheater with firepit, BBQ grilling areas, bicycle and kayak rentals, and workout facilities. The enormous modern rooms are styled to perfection and adorned with flat-screen TV's, free Wi-Fi, and high-end furnishings. The attention to detail is awe inspiring as represented by the high guest review ratings and return clientele. This is a very profitable resort that has consistently experienced year after year increases in occupancy/ADR with very strong projections for 2024. The recently reconstructed 15 dock marina provides an additional generous steady stream of income. The marina is located on sailboat water and can accommodate boats up to 50 feet, contains up to 50-amp electric, water, nine 20-foot finger pipers as well as one covered boat slip with lift. Escape Resort is truly a premier year-round waterfront resort and marina. The demand for waterfront island Vacation Rentals is extraordinary and this resort stays consistently full. Escape Resort and Marina is located on coveted Casey Key Island nestled just south of world-renowned Siesta Key and quaint Venice Island and is a short drive into Sarasota, the cultural capital of the south. This island has very little accommodation competition and rooms can be rented nightly, weekly, or monthly. This Florida island beach lifestyle includes awe-inspiring sunsets and guests enjoy this amazing experience. With all of the upgrades recently completed, this is a turn-key investment for any entrepreneur or experienced hotelier that will bring tremendous cash flow while enjoying a true Island beach experience. Please DO NOT walk the property without permission and DO NOT disturb Seller or Employees.

Location

State FL

County Sarasota

Community Acreage & Unrec

Area 34275 - Nokomis/North Venice

Zoning RSF1

Interior

Cooling Central Air

Exterior

Parking Features Parking Spaces - 19 to 30

Utilities Available Water Connected

Waterfront Description Bay/Harbor

View Y/N Yes

Water Access Yes

Water Access Desc Bay/Harbor,Beach,Beach - Access Deeded,Gulf/Ocean,Intracoastal Waterway,Marina

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Septic Tank

Water Public

Structure Type Block,Stucco,Frame

New Construction false

Others

Ownership Other

Special Listing Condition None

Virtual Tour https://show.tours/v/fpZKFvz

Listed by A YOUNG REALTY GROUP INC

Eric Larkin

Broker Associate | BKBK3049217

+1(321) 795-1854

Eric Larkin

212 CASEY KEY RD Nokomis, FL 34275

Key Details

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212 CASEY KEY RD